Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h +0.097%

Price spread now: Coinbase International against Binance+0.432%7-day average +0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.383%+$38 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now +0.432%, 7d avg +0.164%

Together, before fees+0.446%+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.268% dearer against Binance than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.164%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ARBUSDT	0.2217	0.0005	pay 0.0005% / 8h	5h 57m	$64.6M	$312.2M	75x
Short	Coinbase International ARB-PERP-INTX	0.2227	0.0224	get 0.0028% / 1h	57m 40s	$509K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.432%Rate

Funding earned: $46.08
Price spread: +0.432% → +0.164%: $26.79
Slippage, 4 orders: −$37.07
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $15.8
Costs to cover: 0.571%
Break-even: 4.6 days

Slippage from Binance: live order book, 16 min ago; Coinbase International: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 16 min ago	0.23 bp	9.6 bp −$10	21.7 bp −$217	75.2 bp −$7,518	doesn't fit
Sell Coinbase International live order book, 1 min ago	6.96 bp	16.4 bp −$16	36.5 bp −$365	doesn't fit	doesn't fit

ARB on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1577%	1h	0.2220	+0.116%	$40K	$372K	12x	as long as short
SoDEX ARB-USD	−0.0169%	1h	0.2225	+0.319%	$10K	$2.4M	5x	as long as short
Polymarket Perps ARB-USD	−0.0167%	1h	0.2226	+0.400%	$85K	$2.1M	10x	as long as short
Variational Omni ARB	−0.0151%	8h	0.2224	+0.277%	$1.9M	$2.9M	—	as long as short
OKX ARB-USDT-SWAP	−0.0137%	8h	0.2215	−0.096%	$22.4M	$153.1M	50x	as long as short
MEXC ARB_USDT	−0.0137%	8h	0.2217	−0.024%	$38.7M	$58.9M	200x	as long as short
01 Exchange ARBUSD	−0.0120%	1h	0.2227	+0.423%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0098%	1h	0.2226	+0.370%	$1.1M	$4.6M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0070%	8h	0.2225	+0.342%	$12K	$381K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0064%	1h	0.2226	+0.373%	$24K	$34K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARBUSDT	−0.0057%	8h	0.2216	−0.069%	$56.4M	$127.2M	50x	as long as short
Gate ARB_USDT	−0.0044%	8h	0.2220	+0.116%	$5.4M	$18.9M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2219	+0.073%	$66K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2219	+0.058%	$353K	$2.5M	25x	as long as short
Binance ARBUSDTlong	+0.0005%	8h	0.2217	long leg	$64.6M	$312.2M	75x
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0012%	1h	0.2226	+0.400%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2229	+0.522%	$141K	$7K	3x	as long as short
Phemex ARBUSDT	+0.0095%	8h	0.2225	+0.342%	$5.0M	$13.0M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2218	+0.035%	$1.2M	$6.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2220	+0.098%	$38.6M	$51.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2223	+0.249%	$660K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2218	+0.024%	$42K	$179K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2220	+0.103%	$19.6M	$15.7M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2216	−0.064%	$21.2M	$35.4M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2222	+0.224%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2223	+0.271%	$40K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2226	+0.380%	$482K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2222	+0.206%	$120K	$285K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2227	+0.432%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2226	+0.391%	$299K	$973K	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0224%	1h	0.2227	+0.432%	$509K	$2.1M	50x
RISEx ARB/USDC	+0.0232%	1h	0.2228	+0.495%	$490K	$2.7M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2226	+0.385%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2223	+0.262%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0645%	1h	0.2226	+0.396%	$1.0M	$2.8M	20x	as long as short